Quiz 7:
Chapter 4: 1. This statement is true in that good leadership has the ability to inspire confidence and support among people who are needed to achieve common goals. 2. Also for a project manager leadership is the process in which they influence a team to get the job done effectively. The PM will hold everyone accountable which will in turn put out a good outcome. 3. Key differences between a manager and a leader is manager is a title given to someone which permits them to plan, organize, direct and control the behaviors of people within their department. Where as a leader is less about administration and more about intrapersonal relationships including inspiring, motivating, influencing and changing the behaviors in pursuit of the common goal. 4. Emotional intelligence relates to duties of project management as the ability to understand that effective leadership is part of the emotional and relational transactions between subordinates and themselves. The five elements of emotional intelligence are so critical to successful project management because the PM can develop the kind of direct, supportive relationships that are critical to creating and guiding an effective team. 5. The trait that is the most critical to project management is basic honesty, because if you cannot trust your PM. How are they expected to follow? 6. Future time perspective - The extent to which the future drives an individual's current behavior. I am past time oriented. My project leader duties I would enjoy are project problem solving, team member evaluations and lessons-learned meetings. My skills are recapturing the past and my weaknesses are time warping, predicting, time warping which i could work on. 7. Because nothing prepares you for the irrational side of the job like experience does. They have the experience to handle the nontraditional duties. 8. The principle that I would apply to project leadership would be the new leader who generates and sustains trust, because...

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...is a Project Manager?
1.What skills does he/she require to become a good project manager?
A project manager is an inventive problem-solver, team-builder and steady leader in the organization. Project Manager should have technical as well as management skills. Project Manager is responsible for the administration of the contract within the agreed terms and conditions. He has overall responsibility for completion within time and budget. A single point of contact for formal communication between Organization and Client, he is responsible for ensuring that the organization remains responsive to the Client’s requirements.
2.What are Hard & soft skills? Name at least 10 of each?
The best Project Manager would have the deep understanding and ability to accomplish the following:
Hard Skills
Structured Project Plan
Work Breakdown Structure
Project schedule
Dependency network
Define resource requirements
Manage and monitor Budget
Manage and monitor project plan
Preparing of various achievement reports
Establish, implement and manage Configuration management, documentation management, product management,.
Establish and implement team culture within his assigned project
Soft Skills
Should identify communication channels and have excellent communication skills
Should establish mutual...

...recommend for the Denver Airport Project. Please choose a combination (two or three) of the eight leadership styles presented in the Thompson textbook (Chapter 11: Leadership: Managing the Paradox). Please note that you are to also use three other sources from the internet or the DeVry online library. All sources must be cited.
After reading the Denver Airport Project out of the eight leadership styles I believe active leadership, task leadership, and transformational leadership would be the three styles I would propose for the project. All three styles are team oriented towards reaching the success of the project. With out a close, hard working teams the project will not be successful and with these three styles the teams will work harder and more successfully.
Active leadership style has the leader more team oriented and more actively engaged with the team. This gives the appearance of the phrase “Leading from the front” which is used to compliment a leader for working with his team to accomplish the mission. Active leaders are also more in-tuned with their teams members strengths and weaknesses. This type of leadership would be a successful fit with the Denver Airport Project because of the amount of time and man power that will be put forth for the project making the team to grow close and depend on each other to make deadlines.
Task leadership focuses on accomplishing...

...﻿1. Problems Identified
1.1 Structural Strategy
1. No proper project structure - this made the execution and management of the project very ineffective.
2. Project over budget – The project estimated cost overrun of atleast 20%
3. Poor leadership/no leadership commitment - the customer requested the Divisional GM and his team to present the status of the project. However the DGM instructed Reichart to go with any other 3 or 4 functional managers
4. No Balanced Scorecard with critical success factors, including continuous review and appraisal processes.
5. Lack of a sufficient Guiding Coalition - no support from other functional managers
6. There is no control over functional managers - Reichart did all the work himself due to the lack of communication and the imbalance of power between the project managers and functional managers.
7. There are no policies and procedures in place - Top management failed to implement processes and policies based on programme and projectmanagement principles. This indicate a poor leadership approach
8. No proper resource allocation - Reichart did not have adequate resources(people) that could have stay at required pace or make up for the time already lost in the projectmanagement
9. There was a lack of projectmanagement in the organization -...

...﻿Strategic Management Tutorial 1
1. STRATEGY – A set of actions that managers take to increase their company’s performance relative to rivals
- An action that a company takes to attain one or more of its goals
A business model looks at how to create value for a consumer, and does not look into the future planning and forecasting of a business to achieve profits and a competitive advantage, unlike a strategy. A strategy defines the path that the business will take in the future in order to achieve its goals of profit maximization and competitive advantage.
2. Strengths of Strategic Formal Planning:
When ‘scenario planning’ is done correctly, it can ensure profitability of a company whichever scenario comes to pass
‘Scenario planning’ creates FLEXIBILITY - can push managers to think outside the box and to anticipate what they might have to do in different situations and to learn that the world is complex and unpredictable.
Weaknesses of Strategic Formal Planning:
When managers plan in the context of the current competitive environment, rather than in the future
The future is inherently unpredictable, especially when unforeseen contingencies occur
When companies construct and treat their strategic planning process in a ‘top management responsibility’, which can result in hostility from employees. Employees may also know better, and top-level managers may not listen to their ideas e.g emerging Japanese threat in the globalisation of the...

...﻿
Project Charter
Colorado Spring Welcome Home Parade
QI CHEN
ProjectManagement
January 24, 2015
Abstract
This project charter is planned to help O’Donnell & O’Donnell LLP who will lead the projectmanagement team take place the parade smoothly. This parade for welcoming home troops will be organized in Colorado Spring which has a long history of military. This project charter’s goal is making sure projectmanagement team and sponsors understand all details and tasks of this parade and getting an agreement between these two parties. Some important tasks can be directed with the project charter. For examples, raising fund, arranging thousands of soldiers and planning a lunch for people are some necessary tasks during this parade.
Project Charter:
Colorado Spring Welcome Home Parade
Scope Overview
The scope overview is the project in a nutshell: a high-level description of what needs to be accomplished and how it will be done. (Kloppenborg,2012).
This projectmanagement team lead by O’Donnell & O’Donnell LLP will create some plans about how to carry out the parade according to interdepartmental suggestions. These plans will contains fund...

...shares in a public offering is often the preferred harvest option. Public capital markets generally offer the highest valuation for the company’s shares, and provide initial as well as subsequent (secondary) capital needs of the company. Furthermore, a public offering increases public awareness of the company and enhances the company’s branding and marketability of its products and services
Merger, acquisition and strategic alliance
Most financial investors view an outright sale for payment in cash or marketable securities as attractive as the exit ends their involvement with the company. On the other hand, the key entrepreneurial managers are likely to be locked up for several years through employment contracts, often also losing management independence. Hence, depending on the goals and circumstances of the entrepreneurs, this option may be potentially unwelcome by entrepreneurial managers.
Mandatory Share Redemption
This is an exit option which is sometimes available to financial investors. It is based on a contractual right of the investors’ shares to put their shares to the company for redemption or to the entrepreneurs of the company to buy back. This right is available to the investors at the end of, say 5-7 years from the time of initial investment. It is an exit mechanism when the company fails to achieve high capital returns but is reasonably cash-rich or capital rich to redeem the investors’ shares.
Some guidelines when crafting a...

...The Role of ProjectManagement in Today’s Business
Environment
Projectmanagement is a critical part of businesses and industries in order to advance ahead
and add value to products. Projectmanagement allows companies to invent, plan intentionally,
and for the economy to progress. The key parts of projects are often values such as team
working, planning, invention, time and budgetmanagement, and leadership. In the modern
culture, some projects can be medicines (inventing new drugs), IT solutions (new
technologies), energy and environment (other sources of energy such as solar), and military
(new weapons and machineries). The relationships are such that these projects are undertaken
to advance the lives of people. However, the main objective of projects is to find out about
something by using resources and ideas and put together to achieve the end product.
Projectmanagement is about being organized from the commencement of the job to the finish.
It is about having an effective and efficient team with a leader that can encourage teamwork
and motivate to get results Project Processes. First to take on project, the team must be selected.
All member should be good at their specific tasks and responsibilities while able to work
together with other members...

...Salcedo@my.ohecampus.com
Time Zone: GMT +1
How Do We Contact You by Email?
Your eCampus email address: ehizokhale.omotuemen@my.ohecampus.com
DISSERTATION ADVISOR (and eCampus email): Lu Liu (lu.liu@my.ohecampus.com)
GDI (and eCampus email): Lucía Morales (lucia.morales@my.ohecampus.com)
Faculty Manager (and eCampus email): Rory McLaughlin (Rory.McLaughlin@my.ohecampus.com)
PROPOSED DISSERTATION TITLE: MANAGING CULTURAL DIVERSITY IN NIGERIAN ORGANIZATIONS
ETHICAL CHECKLIST COMPLETED (yes or no)? __no____
Specialisation Track: General _______ Finance _______ Marketing_______
(Please check as appropriate)
Other (please specify)_MANAGEMENT__________________
DATE: 27th of February, 2014
MANAGEMENT DISSERTATION PROPOSAL PROFORMA
1. Aim, objectives and feasibility of the dissertation
BACKGROUND
1.1 CULTURE
Culture according to Piddington is the total sum of both material and intellectual knowledge whereby they are able to live up to their biological and social needs and also adapt themselves to their environment (Ayisi, 1992). Culture is very important in a society such as Nigeria as the values that are filled into individual’s mind through an environment during growing up will transform one’s deeds, culture also exhibits its importance when individuals interacts with one another in the community and beyond.
1.2 CULTURAL DIVERSITY
Cultural Diversity is a range of different societies...